Write a summary of the article included in the folder ‘Readings and Resources’, titled ‘The Capital Asset Pricing Model: Theory and Evidence’. The main aspects in the summary should include 1). What are the theoretical predictions of the CAPM? 2). What are the empirical findings in testing the CAPM? 3). What are the potential explanations for the discrepencies between the theory and the evidence of the CAPM?
The summary should be typed in Word file with the format of Arial or Calibri or Times New Roman style, 12-font and double-spaced. The length of the summary should be no more than two pages.
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